New York State Common Retirement Fund Sells 2,000 Shares of Choice Hotels International, Inc. (NYSE:CHH)

New York State Common Retirement Fund trimmed its stake in Choice Hotels International, Inc. (NYSE:CHH - Free Report) by 11.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,851 shares of the company's stock after selling 2,000 shares during the period. New York State Common Retirement Fund's holdings in Choice Hotels International were worth $2,109,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc bought a new position in shares of Choice Hotels International in the fourth quarter valued at approximately $214,000. Congress Asset Management Co. raised its holdings in Choice Hotels International by 17.3% in the 4th quarter. Congress Asset Management Co. now owns 82,131 shares of the company's stock worth $11,661,000 after acquiring an additional 12,128 shares during the period. Maryland Capital Advisors Inc. acquired a new position in Choice Hotels International during the 4th quarter worth $143,000. Bleakley Financial Group LLC boosted its holdings in Choice Hotels International by 5.5% during the fourth quarter. Bleakley Financial Group LLC now owns 2,112 shares of the company's stock valued at $300,000 after acquiring an additional 110 shares during the period. Finally, Alliance Wealth Advisors LLC UT grew its position in shares of Choice Hotels International by 6.8% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 4,275 shares of the company's stock valued at $607,000 after purchasing an additional 273 shares during the last quarter. 65.57% of the stock is currently owned by institutional investors and hedge funds.

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Choice Hotels International Stock Down 0.2 %

Shares of NYSE:CHH traded down $0.34 during midday trading on Wednesday, hitting $144.06. The stock had a trading volume of 436,152 shares, compared to its average volume of 430,473. The company's 50-day moving average price is $145.61 and its 200-day moving average price is $139.78. The company has a market capitalization of $6.73 billion, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. Choice Hotels International, Inc. has a fifty-two week low of $109.22 and a fifty-two week high of $157.86.

Choice Hotels International (NYSE:CHH - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.10. The company had revenue of $389.77 million for the quarter, compared to the consensus estimate of $374.24 million. Choice Hotels International had a negative return on equity of 472.31% and a net margin of 18.91%. Research analysts expect that Choice Hotels International, Inc. will post 7.07 EPS for the current fiscal year.

Choice Hotels International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Tuesday, April 1st will be issued a $0.2875 dividend. This represents a $1.15 annualized dividend and a yield of 0.80%. The ex-dividend date is Tuesday, April 1st. Choice Hotels International's payout ratio is presently 18.46%.

Insiders Place Their Bets

In related news, CFO Scott E. Oaksmith sold 1,780 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $144.40, for a total value of $257,032.00. Following the transaction, the chief financial officer now owns 32,014 shares in the company, valued at approximately $4,622,821.60. This represents a 5.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dominic Dragisich sold 3,500 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $148.30, for a total transaction of $519,050.00. Following the transaction, the executive vice president now owns 68,913 shares of the company's stock, valued at $10,219,797.90. This represents a 4.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 24.02% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Truist Financial increased their target price on Choice Hotels International from $134.00 to $136.00 and gave the company a "hold" rating in a research note on Wednesday, December 4th. Morgan Stanley increased their price objective on Choice Hotels International from $131.00 to $139.00 and gave the company an "underweight" rating in a research report on Tuesday. Wells Fargo & Company dropped their target price on shares of Choice Hotels International from $138.00 to $137.00 and set an "underweight" rating on the stock in a research report on Tuesday. Barclays raised their price target on shares of Choice Hotels International from $129.00 to $132.00 and gave the stock an "underweight" rating in a research report on Friday, February 21st. Finally, Jefferies Financial Group upped their price objective on shares of Choice Hotels International from $150.00 to $152.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Choice Hotels International presently has a consensus rating of "Hold" and a consensus target price of $140.67.

Choice Hotels International Profile

Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising & Management and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Ascend Hotel Collection, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Studios, WoodSpring Suites, Everhome Suites, Cambria Hotels, Radisson Blu, Radisson RED, Radisson, Park Plaza, Country Inn & Suites by Radisson, Radisson Inn & Suites, Park Inn by Radisson, Radisson Individuals, and Radisson Collection.